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GSM Foils IPO gmp - 10 things to know with detail

• GSM Foils IPO: GSM Foils Limited is a leading manufacturer of specialty foils, laminates, and holographic films. The company is based in India and has a strong presence in the packaging industry.
• IPO Details: GSM Foils is planning to launch its initial public offering (IPO) soon. The IPO will consist of fresh issue of shares to raise funds for expansion and working capital requirements.
• GMP: The Grey Market Premium (GMP) for GSM Foils IPO is currently around Rs. 10-15 per share. GMP is an unofficial market where investors can buy and sell shares before they are officially listed on the stock exchange.
• Issue Size: The IPO will have a total issue size of Rs. 100 crore, with a portion reserved for retail investors, non-institutional investors, and qualified institutional buyers.
• Price Band: The price band for GSM Foils IPO has not been disclosed yet. It is expected to be announced closer to the launch date.
• Book Running Lead Managers: The book running lead managers for the GSM Foils IPO are Axis Capital and Edelweiss Financial Services.
• Listing: The company is planning to list its shares on the BSE and NSE stock exchanges. The listing date will be announced after the successful completion of the IPO.
• Business Expansion: The proceeds from the IPO will be used by GSM Foils for expanding its manufacturing facilities, investing in new technologies, and enhancing its product portfolio.
• Growth Prospects: GSM Foils has a strong track record of growth and profitability. The company has a diversified customer base and a strong presence in both domestic and international markets.
• Risks: Like any investment, investing in GSM Foils IPO carries certain risks. Investors should carefully consider the company's financial performance, competitive position, and market conditions before making an investment decision.